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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 529,438 $ 1,675,210
Accounts receivable, net of allowances of $450,000 as of June 30, 2024 and December 31, 2023 839,571 735,839
Prepaid expenses and other current assets 807,993 1,106,848
Total Current Assets 2,177,002 3,517,897
Property and equipment, net 136,997 247,693
Operating lease right of use assets 96,401 197,307
Intangible assets, net 4,798,011 5,795,807
Total Assets 7,208,411 9,758,704
Current liabilities:    
Accounts payable 1,764,650 813,659
Accrued expenses and other current liabilities 1,397,358 1,891,315
Purchase commitments 875,096 4,656,538
Operating lease liabilities (current) 62,533 153,015
Total Current Liabilities 4,129,518 7,592,243
Operating lease liabilities (non-current) 32,242 45,659
Other non-current liabilities 17,571 31,098
Total Liabilities 4,179,331 7,669,000
Commitments and contingencies (Note 9)
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; authorized 1,000,000 and 1,000,000 shares; and none issued and outstanding as of June 30, 2024 and December 31, 2023, respectively
Additional paid-in capital 92,002,160 91,923,311
Accumulated deficit (86,350,189) (87,441,805)
Accumulated other comprehensive loss (1,350,288) (1,850,216)
Total Stockholders’ Equity Attributable to Motorsport Games Inc. 4,302,022 2,631,629
Non-controlling interest (1,272,942) (541,925)
Total Stockholders’ Equity 3,029,080 2,089,704
Total Liabilities and Stockholders’ Equity 7,208,411 9,758,704
Common Class A [Member]    
Stockholders’ Equity:    
Common stock, value 269 269
Common Class B [Member]    
Stockholders’ Equity:    
Common stock, value 70 70
Related Party [Member]    
Current liabilities:    
Due to related parties $ 29,881 $ 77,716